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Deere & Co (DE): Today's Featured Industrial Goods Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Deere (
DE) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Deere fell $1.39 (-1.6%) to $84.55 on light volume. Throughout the day, 1.7 million shares of Deere exchanged hands as compared to its average daily volume of three million shares. The stock ranged in price between $84.49-$85.57 after having opened the day at $85.31 as compared to the previous trading day's close of $85.94. Other companies within the Industrial Goods sector that declined today were:
Real Goods Solar (
RSOL), down 14.9%,
Active Power (
ACPW), down 6.9%,
China Advanced Construction Materials Group (
CADC), down 5.9%, and
India Globalization Capital (
IGC), down 5.7%.

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Deere & Company provides products and services primarily for agriculture and forestry worldwide. Deere has a market cap of $33.56 billion and is part of the industrial industry. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are up 11.1% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Deere a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Deere as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.